GASB 87, new guidance for the accounting of lessee and lessor leases, was implemented for fiscal year 2022. Thank you to all departments who provided assistance and information in the implementation ...

The implementation of GASB Statements 87 and 96 has brought significant changes to how government entities report leases and subscription-based information technology arrangements. A thorough ...

New lease accounting standards will dramatically affect the way governmental entities record leases on their financial statements. The Governmental Accounting Standards Board Statement Number 87(GASB ...

GASB 87, a new lease accounting standard for governmental entities, requires leases to be reported on the face of the financial statements and eliminates distinction between operating and capital ...

ST. LOUIS – State and municipal government officials can expect to receive a checklist from the Government Finance Officers Association this September on how to compile a master list of their leases.

GASB issued a proposed implementation guide that is designed to help state and local governments understand the board’s new standard on lease accounting. GASB Statement No. 87, Leases, was issued in ...

NEW YORK, March 4, 2020 /PRNewswire/ -- Work to adopt the mandatory Governmental Accounting Standards Board (GASB) lease accounting standard (GASB 87) has not begun for half of those employed in state ...

In this recorded training, Justin Church, associate director, highlights the most important aspects of the GASB 87 implementation and how it affects CU Boulder campus departments. If you have any ...

ATLANTA--(BUSINESS WIRE)--LeaseQuery, a leading provider of software built to simplify the complexities of accounting, today announced two virtual LEASE summits, The GASB Series and The FASB Series.

The past few years have not been easy for state and local government finance staffs. In an effort to increase transparency and accountability, GASB has issued new standards at a rapid pace. First came ...

An instantaneous poll found only 4% of more than 750 online GFOA seminar participants have implemented GASB 87. Contracts that local governments enter into with vendors for IT services will soon be ...

The Governmental Accounting Standards Board has released questions and answers about the recent standard on accounting and financial reporting for leases by state and local governments. Processing ...